Evolution stock jumps on €2 billion move
Evolution AB rallied in Stockholm on Tuesday, with the online casino tech company unveiling a €2 billion share buyback. The move hands shareholders a big capital return after months of market worry about regulation and weaker European growth. Evolution shares traded at 723.80 Swedish crowns, up 9.07% at 10:51 a.m. local, after earlier reaching 746.60 crowns in the session, Google Finance data showed. The company said late Monday its board had decided to kick off the buyback right away.